One Constant in the Ever-Evolving World of Work
The only thing we know for certain is that things will change. This has been the all too real experience of employers and employees in the past several years. The workplace has continually evolved through periods of lockdowns, remote operations, and hybrid settings. The disruption to the normal workplace environment has been tumultuous and stress-producing.
But one factor in the workplace has not and should not change. That is the enduring imperative of employee recognition. In a period of great uncertainty, acknowledging an employee’s performance may be more important than ever. This is a good time to reflect on why that is true.
Why Is Employee Recognition Important in 2022?
In a recent article, Apollo Technical, an engineering recruitment firm, attempted to answer that question by reaffirming the value of employee recognition. They assert that employee recognition is important because it boosts morale, increases productivity, and builds positive relationships.
Praising employees for their achievements reinforces quality performance which benefits both the staff and the organization. Highlighting the achievements and positive attributes of employees creates a more robust, healthier workplace.
Essentially, employee recognition can lead to a strong company culture as shown in the following results:
Boosts employee morale - When employees feel appreciated, they put in more effort, are more engaged and, in turn, are happier. According to the Society for Human Resource Management, 79% of employees work harder due to recognition in the workplace. Emphasizing strong work performance can be the difference between a content employee and one who goes above and beyond.
Improves work environment - A common reason that people leave their jobs is that they feel overworked and unappreciated. A Gallup poll suggests that engagement leads to greater productivity and a 21% increase in profitability. Employees that feel appreciated can significantly improve the workplace environment. It boosts morale, leads to fewer accidents, and motivates employees to work harder.
Increases productivity and profitability - Harvard Business Publication says that the key to happy customers is happy employees. As a result, employee recognition can improve customer satisfaction. Customer satisfaction is the backbone of a business, and taking care of your employees can help achieve that.
Builds connections among team members - Recognition among peers can also benefit the organization. When employee performance is recognized publicly, it encourages other employees to take note of positive characteristics in each other.
Strengthens core values - Favorable treatment of employees should be a core value of all companies. An organization that cares about its employees will empower them, and when employees grow, the company grows.
Reduces employee stress - The American Psychiatric Association says that one of the most common causes of stress in people’s lives in the workplace environment. Employees that feel unappreciated will reflect poorly on business and productivity. Creating opportunities for employee recognition can help manage stress in the workplace by showcasing a job well done.
Refocusing on What’s Important
If you haven’t done so already, 2022 is the year you need to rethink and retool your employee recognition program. We’ve been helping clients to do this for over 25 years. Reach out to learn how we can help you.